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Elon Musk and Vivek Ramaswamy Appointed to Lead Trump's Newly Created "Department of Government Efficiency" (DOGE), Sending Dogecoin Price Soaring Nearly 20%President-elect Trump's shocking announcement naming Elon Musk and Vivek Ramaswamy to jointly lead the newly established "Department of Government Efficiency" (DOGE) sent shockwaves through the global cryptocurrency market. Dogecoin (DOGE), coincidentally sharing its ticker symbol with the department's name, surged nearly 20% in immediate response, extending its strong upward trend since the US election

Arthur Hayes' Bold Prediction: Trump's Economic Policies Could Plunge the Dollar, Sending Bitcoin to $250,000In a recent interview on the AlphaFirst podcast, Arthur Hayes, co-founder of the cryptocurrency exchange BitMEX, shared a bold prediction for the future of the cryptocurrency market. He believes that a Trump administration, with its loose monetary policies, would lead to a devaluation of the US dollar, thereby driving up the price of Bitcoin and other crypto assets to as high as $250,000 by the end of 2025

The news of the US Securities Commission suing Coinbase has sparked heated discussions, and experts have proposed to Coinbase to shift its business focus to Bitcoin, which is not recognized as a securities product. Musk paid attention to this suggestion, and sent an article suggesting that Dogecoin was also a good choice, which made DOGE rebound nearly 10%